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$2,325,000
Est. payment /mo
3 Beds
2 Baths
4,356 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID V1-35131
Bedrooms 3
Lot Size 4,356 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Positioned on the iconic Del Playa corridor in Goleta, 6516 Del Playa presents a rare two-unit investment opportunity featuring a 3BD/2BA main residence and a 3BD/3BA ADU -- both fully leased through the 26/27 academic year. Priced at $2,325,000, the property generates $17,000/month in combined rental income with an NOI stepping from $130,663 to $141,073 year-over-year. The 26/27 leases are already in place, providing immediate cash flow certainty and a clear path to a 6.07% cap rate. With limited inventory and perpetual student housing demand driven by UCSB, this asset offers investors a compelling blend of current income and long-term appreciation in one of Santa Barbara County's most sought-after rental markets.
Location
State CA
County Santa Barbara
Zoning Public Rec
Direction Take US 101 N toward Goleta, Exit at N Los Carneros Rd. (Exit 107) Turn left onto N Los Carneros Rd, continue toward the ocean,
Interior
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Others
Senior Community No
Tax ID 075222019
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Michael Lopus, DRE#01970736 Colliers International
Nearby School & Business
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